Many of us put off saving for retirement in the belief that the state pension will provide for us in old age. But even with the full 35 years of qualifying National Insurance Contributions (NICs), the new State Pension currently pays just £168.60 per week, or £8,767.20 a year. Although the government is committed through […]
The Labour Party has recently unveiled plans to bring large swathes of the British economy into what they term ‘public ownership’. Even before their bumper manifesto, they had already promised to nationalise the Royal Mail, the railways, energy suppliers, and water and sewage companies. Estimates vary for exactly how much that might costs, but the […]
In Boris Johnson’s first speech as Prime Minister, he pledged to focus his premiership on the “forgotten people and the left-behind towns, by physically and literally renewing the ties that bind us together”. One of his first acts as Prime Minister was to appoint himself ‘Minister for the Union’. But whilst Johnson has since pledged […]
Socialism endures because it claims to take power away from ‘the rich’ and hand it to ‘the people’. Leaving aside the fact that socialism necessarily seeks to concentrate power in the hands of a few at the top in order to redistribute wealth and privilege to favoured special interest groups, Labour’s economic policies would also […]
